Q1 EPS NOK 1.97, 26%/13% above ARCe/Cons at NOK 1.57/1.75. ROE 16%
Revenues held up better, loan losses marginally below
CET 1 ratio of 19.6% in line with ARCe, but well below cons. of 20.8%
A solid report given the challenging conditions in our view


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Solid report in a challenging market
- Published:
30 Apr 2020 -
Author:
Roy Tilley -
Pages:
6 -
Q1 EPS NOK 1.97, 26%/13% above ARCe/Cons at NOK 1.57/1.75. ROE 16%
Revenues held up better, loan losses marginally below
CET 1 ratio of 19.6% in line with ARCe, but well below cons. of 20.8%
A solid report given the challenging conditions in our view